ITALY: Tax drop drives Campari growth
The Italian drinks group Campari announced yesterday that its net profits grew 20% in 2001 to €63.4m (US$55.47m). The company said the growth was driven by a rise in sales and a significant drop in taxes. Campari, the maker of the eponymous aperitif, along with Cinzano and Skyy Vodka, saw its sales rise 13.9% to €494.3m in 2001. However, pre-tax profits fell 3.6% to €94m, which suffered from foreign exchange losses.
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